Australian banks Australian interest rates

Interest-only mortgages have a long way to fall…

Wednesday 31 May 2017

APRA released its quarterly property exposures data yesterday and it showed a small slowing in interest-only lending to 36% of new loans:

And 39% of the stock:

It has to fall to 30% to meet macroprudential 2.0. Long way to go.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.